Side-by-Side Duplex with
For Sale
$389,000
50-52 Booth Street, Ludlow, MA 01056
Two residential units offer separate utilities, appliances, and full basement access.
Property Size1,440 SF
Price / SF$270.14
Days on Market184
Property Features for 50-52 Booth Street
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi-family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1964
Construction
ranch-style
Listing Agency:
Keller Williams Realty
Listed By:
Maria Crespo
Source:
Gregoryhaughton
Added: Feb 27
Changed: Aug 29
Last Checked: Apr 22 at 8:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 1,440 square feet with two residential units, each configured with two bedrooms, one full bathroom, and a practical ranch-style layout. Both units include appliances and separate utilities. A full basement with interior access provides additional space and may be finished for expanded use. The property was built in 1964 and is equipped with natural gas heat, a newer furnace, and a new hot water tank.
The property is located near shopping, dining, and everyday amenities, with access to major highways and the Mass Pike. Its two-unit configuration, independent utilities, and basement space provide a straightforward residential income property format.
The property is located near shopping, dining, and everyday amenities, with access to major highways and the Mass Pike. Its two-unit configuration, independent utilities, and basement space provide a straightforward residential income property format.
Key Highlights
- Two side‑by‑side residential units, each with 2 bedrooms and 1 full bathroom
- 1,440 SF duplex built in 1964
- Full basement with interior access and potential for finishing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,861
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$377,220
$377.2K
Cap Rate 7%
$269,443
$269.4K
Cap Rate 9%
$209,567
$209.6K
Market Conditions
NOI Build-Up for 1,440 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.5K $19.80/SF
− Vacancy
−$1.6K −$1.09/SF
EGI
$26.9K $18.71/SF
− OpEx
−$8.1K −$5.61/SF
NOI
$18.9K $13.10/SF
Area
Hampden County, MA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$377,220
Cap Rate 7%
$269,443
Cap Rate 9%
$209,567
Alternative Uses
Best Use
Multifamily LT 5
$269.4K
$235.8K – $314.4K
NOI $18,861 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$249.7K
$218.5K – $291.3K
NOI $17,479 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$887.5K
$776.6K – $1.04M
NOI $62,125 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 01056, MA
21,002
Population
8,984
Households
2.3
Avg Household Size
46
Median Age
25%
College-Educated
89%
High-School Grad
27.2 sq mi
ZIP Area
772
Density / Sq Mi
$78,981
Median Household Income
$47,449
Median Earnings
$1,250
Median Rent
$303,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate utilities, appliances, and full basement access.
Where is this duplex located?
The property is located at 50-52 Booth Street Ludlow, MA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two side‑by‑side residential units, each with 2 bedrooms and 1 full bathroom; 1,440 SF duplex built in 1964; Full basement with interior access and potential for finishing
